Question : I am a college student in debt 5000 dollars. Debt consolidation? Loan from the bank?
PLease help what would be the best move for me?
debt consolidation loan bank

Best answer:

Answer by VaTreasures
I will assume this is not a student loan. If it is a student loan, you want to consolidate when you are done borrowing.

You first step is to create a realistic budget that will allow you to spend less than your income. Then you know how much money you can put toward your debt.

If your debtors are credit card companies, contact them and ask for a reduction in your interest rate. This will allow you to pay off the loan faster with the same size payments.